Bpifrance

Bpifrance Financement S.A. is a French financial institution that provides a wide range of financing solutions and support services for businesses at various stages of their development. Established in 1980 and based in Maisons-Alfort, France, the company offers medium to long-term loans, export insurance, real estate and equipment leasing, and working capital loans. Bpifrance also invests in startups, small and medium-sized enterprises (SMEs), and mid-cap companies through direct investments and fund management activities. Additionally, it provides consulting services for executives and training for CEOs, aiming to facilitate innovation and growth. Bpifrance was formed from the merger of several entities in July 2013, including OSEO, CDC Entreprises, and FSI, to enhance its role in supporting the financing of the French economy.

Laurent Arthaud

Managing Director

Marion Aubry

Investment Director

Emmanuel Audouard

Director of Cross-Functional Investments Venture Capital

Elyssa Maufras du Châtellier

Investment Director

Charlotte Corbaz

Deputy Director of the Large Venture Fund and Deputy Managing Director

Sofia Dahoune

Associate

Vanessa Giraud

Managing Director

Laurent Higueret

Senior Investment Director, Healthcare and Life Sciences - Large Venture Fund

Hortense Jacon

Investment Associate

Veronique Jacq

Head of Digital Venture team

So-Yeon Koo

Senior Investment Manager

Eric Lefebvre

Director

Arnaud Legardeur

Investment Director

Serge Mesguich

Director

Louis Molis

Investment Director

Adrien Neel

Investment Director

Gilles Schang

Deputy Director

Tuan Tran

Investment Director / VC

Past deals in Semiconductor

Pasqal

Series B in 2023
Pasqal SAS, founded in 2019 and headquartered in Paris, France, specializes in the manufacture of quantum information processors utilizing atomic arrays. The company focuses on developing full-stack quantum computing technology that simulates complex phenomena to facilitate scientific discovery. Its innovative approach employs qubits made of neutral atoms organized in large two-dimensional and three-dimensional arrays, which enables analog computing. This technology addresses a variety of challenges, including optimization, drug discovery, and machine learning, empowering organizations to tackle complex problems across these fields.

Welinq

Pre Seed Round in 2023
WeLinQ is a quantum computing solution interconnecting processors.

Devialet

Venture Round in 2022
Devialet SAS is an audio technology company based in Paris, France, founded in 2007. It specializes in hybrid amplification technology that combines analog and digital elements to enhance audio devices. The company offers a range of products, including wireless earbuds, speakers, and amplifiers, as well as solutions for vinyl playback. Devialet aims to make its audio technology universally accessible and has developed products such as the Gemini wireless earbuds. Its offerings are available for purchase online and through various dealers and retail locations both in France and internationally.

Scintil Photonics

Venture Round in 2022
Scintil Photonics SAS, founded in 2018 and based in Grenoble, France, specializes in the development of silicon photonic integrated circuits aimed at advancing high-speed optical communications and chip interconnections. The company offers a range of products, including multi-wavelength lasers, waveguides, wavelength filters, and photodetectors. By employing wafer-scale bonding techniques that combine Silicon and Indium Phosphide materials, Scintil Photonics creates fully integrated circuits that enhance performance and reliability while significantly lowering implementation costs. Their innovative approach allows for the monolithic integration of optical amplifiers and lasers on advanced silicon photonic circuits, making their solutions suitable for a variety of industrial applications.

UnitySC

Venture Round in 2022
UnitySC is recognized worldwide as a key player in inspection and metrology, combining advanced technologies in automated optical inspection and 3D imaging with high depth of focus line scanning, temporal-mode interferometry, spectrometry, and phase shift analysis. This enables customers to deliver higher yields and achieve faster time to market. We provide standard and customized solutions adapted to specific industrial needs and constraints, enabling a new era in process control.

NAWA Technologies

Series C in 2022
NAWATECHNOLOGIES, Société anonyme designs, develops, industrializes, and commercializes products based on organized nanostructures to enable improvements in materials and devices dedicated to energy, transportation, and environment markets. The company offers multifunctional materials and energy storage devices. NAWATECHNOLOGIES, Société anonyme was founded in 2013 and is based in Aix-en-Provence, France.

Quandela

Venture Round in 2021
Quandela SAS, founded in 2017 and based in Palaiseau, France, specializes in the production of photonic and semiconductor chips designed for quantum computing applications. The company is recognized for its innovative product, E-delight, which serves as a solid-state source of single and highly indistinguishable photons. This technology plays a crucial role in advancing quantum photonics and quantum information research. Quandela's single-photon source device integrates photonics with semiconductor quantum dots, facilitating efficient collection of emitted single photons at high rates. This capability significantly reduces charge noise decoherence and enhances the emission of identical photons, which is vital for the development of advanced quantum technologies, including communication, computation, and sensing. By focusing on the unique properties of quantum light, Quandela contributes to the progress of photon-based quantum computing and communication networks.

Primo1D

Venture Round in 2021
Primo1D SAS, founded in 2013 and headquartered in Grenoble, France, specializes in developing E-Thread, a unique yarn that integrates electronics into various objects and materials. This innovative yarn enables applications in traceability, production monitoring, anti-theft, and anti-counterfeiting. By embedding electronic components into textiles and materials, Primo1D enhances the functionality and value of products while facilitating their connection in the digital ecosystem. The company's solutions cater to a wide range of industries seeking to incorporate smart technology into their offerings.

Ragni

Venture Round in 2021
Manufacturer of public lighting equipment based in Cagnes-sur-Mer, France. The company specializes in designing, manufacturing and distributing LEDs, solar lighting and smart lighting products, providing quality and tailor-made products.

C12

Seed Round in 2021
C12 Quantum Electronics develop reliable quantum processors with carbon nanotubes. Its unique technology reduces drastically the error rate, making the platform a prime candidate for noisy intermediate-scale quantum applications. The Paris, Ile-de-France, France-based company was formed in 2019 by Pierre and Matthieu Desjardins.

Pasqal

Series A in 2021
Pasqal SAS, founded in 2019 and headquartered in Paris, France, specializes in the manufacture of quantum information processors utilizing atomic arrays. The company focuses on developing full-stack quantum computing technology that simulates complex phenomena to facilitate scientific discovery. Its innovative approach employs qubits made of neutral atoms organized in large two-dimensional and three-dimensional arrays, which enables analog computing. This technology addresses a variety of challenges, including optimization, drug discovery, and machine learning, empowering organizations to tackle complex problems across these fields.

C12

Grant in 2021
C12 Quantum Electronics develop reliable quantum processors with carbon nanotubes. Its unique technology reduces drastically the error rate, making the platform a prime candidate for noisy intermediate-scale quantum applications. The Paris, Ile-de-France, France-based company was formed in 2019 by Pierre and Matthieu Desjardins.

Sun'R

Venture Round in 2021
SH1 Is The Sole Shareholder Of Sun’R Infrastructure, A Project Company Dedicated To The Operation Of A 10 MWp Portfolio Of Rooftop-Mounted Photovoltaic Plants.

Antaios

Series A in 2020
Antaios develops innovative memory technology. Antaios is fully engaged in bringing the technology to the market to help chip manufacturers solve the critical issue of exploding power requests in advanced semiconductor systems.

GrAI Matter Labs

Venture Round in 2020
GrAI Matter Labs utilizes biology-inspired spiking neural networks to overcome the limitations of traditional Von Neumann machines and application processors. Their massively parallel, fully programmable compute technology enables multi-modal sensor analytics and dynamic machine learning at low power levels not feasible before. Combining next generation neuromorphic compute with cutting edge silicon technologies brings AI to every edge device across the Internet of Things without the need for cloud computing support.

Aledia

Series D in 2020
Aledia SA develops and manufactures light-emitting diodes (LEDs). The company offers microwire LED chips based on a 3D architecture using gallium-nitride-on-silicon microwires. It provides its products for general lighting, automotive, and display applications. The company was founded in 2011 and is based in Grenoble, France with subsidiaries in Malacca, Malaysia; and Palo Alto, California.

NAWA Technologies

Venture Round in 2020
NAWATECHNOLOGIES, Société anonyme designs, develops, industrializes, and commercializes products based on organized nanostructures to enable improvements in materials and devices dedicated to energy, transportation, and environment markets. The company offers multifunctional materials and energy storage devices. NAWATECHNOLOGIES, Société anonyme was founded in 2013 and is based in Aix-en-Provence, France.

Vulkam

Grant in 2020
Vulkam SAS, a micro technology company, engages in the design, development, and production of amorphous metal parts. The company’s amorphous metals are primarily composed of zirconium, copper, hafnium, nickel, or titanium. Its products have applications in aerospace, automotive, biomedical, cryogenic, watches, jewellery, micro components, and micro fluids industries. Vulkam SAS was founded in 2017 and is based in Saint-Martin-d'Hères, France.

Scintil Photonics

Seed Round in 2019
Scintil Photonics SAS, founded in 2018 and based in Grenoble, France, specializes in the development of silicon photonic integrated circuits aimed at advancing high-speed optical communications and chip interconnections. The company offers a range of products, including multi-wavelength lasers, waveguides, wavelength filters, and photodetectors. By employing wafer-scale bonding techniques that combine Silicon and Indium Phosphide materials, Scintil Photonics creates fully integrated circuits that enhance performance and reliability while significantly lowering implementation costs. Their innovative approach allows for the monolithic integration of optical amplifiers and lasers on advanced silicon photonic circuits, making their solutions suitable for a variety of industrial applications.

Presto Engineering

Venture Round in 2018
Presto Engineering, Inc. is a provider of outsourced development operations for semiconductor and Internet of Things (IoT) device companies. Founded in 2006 and headquartered in San Jose, California, the company specializes in a wide array of services including turnkey IoT components, radio-frequency (RF) and mixed-signal solutions, wafer fabrication, and backend processing. It also offers comprehensive testing and qualification services, encompassing product debugging, reliability analysis, and failure analysis. Additionally, Presto Engineering delivers supply chain solutions and various lab services such as electrostatic discharge testing and compliance testing for high-definition multimedia interfaces. With offices in France, Thailand, and Taiwan, Presto Engineering serves a diverse client base, helping them minimize overhead, reduce risk, and accelerate time-to-market in the semiconductor industry.

Isorg

Series B in 2018
Isorg SA, founded in 2010 and based in Grenoble, France, specializes in the development and manufacturing of organic and printed electronic devices, particularly in the fields of photonics and image sensors. The company is noted for its innovative high-performance opto-electronic sensors, which can be integrated into various products, transforming surfaces made of plastic or glass into smart interfaces. Isorg offers a comprehensive range of services, from proof-of-concept to mass production, catering to diverse applications across consumer electronics, home appliances, smart buildings, industrial sectors, healthcare, and safety. Additionally, the company provides support for product development and integration. Its technology includes large-area image sensors and photodetectors, contributing to sectors such as medical imaging, non-destructive testing, and data security.

Kalray

Venture Round in 2018
Kalray S.A. is a French company that specializes in developing low-power, high-performance manycore processor solutions. The company provides a range of products, including its MPPA processor family, which utilizes patented supercomputing-on-a-chip technology to deliver efficient processing for data centers and critical embedded applications in sectors such as aerospace, defense, and automotive. Kalray also offers data center solutions like the Kalray Target Controller, which supports optimized storage systems, and TurboBoost for offloading encryption and decryption processes. Additionally, the company supplies software development kits, including AccessCore for programming its processors and Kalray Neural Network for implementing deep learning applications. Its product lineup extends to PCIe acceleration boards and various development platforms, serving markets such as autonomous vehicles, artificial intelligence, data storage, networking, and computer vision. Kalray is headquartered in Montbonnot Saint Martin, France.

Aledia

Series C in 2018
Aledia SA develops and manufactures light-emitting diodes (LEDs). The company offers microwire LED chips based on a 3D architecture using gallium-nitride-on-silicon microwires. It provides its products for general lighting, automotive, and display applications. The company was founded in 2011 and is based in Grenoble, France with subsidiaries in Malacca, Malaysia; and Palo Alto, California.

Seald

Seed Round in 2017
Seald SAS is a French company established in 2016, specializing in computer data security software. Based in Bougival, it provides solutions for tracking, encryption, and securing data across various platforms. The company offers a tool that seamlessly integrates end-to-end encryption into applications, documents, emails, and workflows, allowing businesses to maintain control and security over their data regardless of its location. Seald's services aim to enhance data protection and ensure that companies can manage their information securely as it is transmitted or stored.

Devialet

Series C in 2016
Devialet SAS is an audio technology company based in Paris, France, founded in 2007. It specializes in hybrid amplification technology that combines analog and digital elements to enhance audio devices. The company offers a range of products, including wireless earbuds, speakers, and amplifiers, as well as solutions for vinyl playback. Devialet aims to make its audio technology universally accessible and has developed products such as the Gemini wireless earbuds. Its offerings are available for purchase online and through various dealers and retail locations both in France and internationally.

Seamless Waves

Grant in 2016
Seamless Waves is a fabless semiconductor company that specializes in designing and implementing reconfigurable RF transceivers. These advanced transceivers can sweep the frequency spectrum to identify the least occupied frequency bands, facilitating efficient communication through the appropriate wireless standards. Utilizing highly efficient RF Analog-to-Digital converters, Seamless Waves' technology ensures low power consumption, making it ideal for portable devices. In addition to its transceiver solutions, the company offers silicon-proven Analog/RF Physical Intellectual Property (IP) and virtual component models that support early system integration for clients.

ACCO Semiconductor

Series F in 2016
ACCO Semiconductor, Inc. is a fabless semiconductor company based in Sunnyvale, California, with additional facilities in Paris, France. Established in 1994, the company specializes in developing advanced CMOS wireless solutions, particularly power amplifiers for mobile communications. ACCO's product offerings include CMOS power amplifiers that support various cellular standards, including 2G, 3G, and 4G, catering to a range of portable devices such as smartphones, tablets, MiFi routers, and USB dongles. The company has innovated a patented CMOS technology that allows for high efficiency and integration of components, enabling the production of power amplifiers that match the performance of traditional gallium arsenide amplifiers while utilizing standard CMOS fabrication methods. This advancement simplifies manufacturing and enhances the capabilities of mobile communication products.

Aledia

Series B in 2015
Aledia SA develops and manufactures light-emitting diodes (LEDs). The company offers microwire LED chips based on a 3D architecture using gallium-nitride-on-silicon microwires. It provides its products for general lighting, automotive, and display applications. The company was founded in 2011 and is based in Grenoble, France with subsidiaries in Malacca, Malaysia; and Palo Alto, California.

Isorg

Venture Round in 2014
Isorg SA, founded in 2010 and based in Grenoble, France, specializes in the development and manufacturing of organic and printed electronic devices, particularly in the fields of photonics and image sensors. The company is noted for its innovative high-performance opto-electronic sensors, which can be integrated into various products, transforming surfaces made of plastic or glass into smart interfaces. Isorg offers a comprehensive range of services, from proof-of-concept to mass production, catering to diverse applications across consumer electronics, home appliances, smart buildings, industrial sectors, healthcare, and safety. Additionally, the company provides support for product development and integration. Its technology includes large-area image sensors and photodetectors, contributing to sectors such as medical imaging, non-destructive testing, and data security.

Delfmems

Series C in 2014
Delfmems SAS develops, manufactures, and licenses radio-frequency micro-electro-mechanical-systems switching technology for small-signal switching applications. It offers stand-alone single pole double throw radio frequency switches for automatic test equipment and instrumentation, mobile, telecom infrastructure, military, and space applications. The company's technology also allows developing digital and variable capacitors. Delfmems SAS was founded in 2005 and is headquartered in Villeneuve d'Ascq, France.

Lucibel

Venture Round in 2013
Lucibel is an innovative French group that designs and manufactures new-generation lighting products and solutions in France based on LED technology. LED technology is cost efficient, sustainable and smart. It is transforming the world and is now part of the digital era. Not only are Lucibel lighting solutions compatible with remote management systems. Light can now interact with its surroundings and be controlled and measured in real time. But it also allows for a new medium for data transmission, interactions and well-being thanks to the development by Lucibel of innovative and smart solutions.

Sigmaphi

Venture Round in 2013
Sigmaphi is a specialized manufacturer of electromagnetic equipment focused on serving the scientific and healthcare sectors. The company designs and produces a range of products including electro-magnets, pulsed injection systems, radiofrequency amplifiers, magnetic systems, power supplies, and particle beam transport lines for particle accelerators. By leveraging advanced technology, Sigmaphi aims to optimize the operations of its clients, facilitating enhanced performance in various applications related to particle acceleration.

Delfmems

Series B in 2013
Delfmems SAS develops, manufactures, and licenses radio-frequency micro-electro-mechanical-systems switching technology for small-signal switching applications. It offers stand-alone single pole double throw radio frequency switches for automatic test equipment and instrumentation, mobile, telecom infrastructure, military, and space applications. The company's technology also allows developing digital and variable capacitors. Delfmems SAS was founded in 2005 and is headquartered in Villeneuve d'Ascq, France.

Meusonic

Venture Round in 2008
Meusonic SAS designs and manufactures electronic and microelectronic microwave sub-systems; and power systems. Its products include narrow and broadband solid state amplifiers, switches, and passives devices; up and down converters and transmit/receive modules; software-controlled radio frequency and microwave test and measurement sub-systems; and AC and DC power supplies and dynamic loads. The company also offers sub-contracting services in functional testing and manufacturing. It serves airborne, naval, ground defense, aerospace, telecommunications, and medical sectors. The company was founded in 1979 and is based in Malakoff, France.
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